Monday, August 18, 2003

SOHU remains long from 30.60 and targeting 31.50
MRVL remains long with a swing high of 37.99 x 0.97 = 36.85 and round down to nearest 1/8th or 36.75 for our potential short reversal.
CVTX made it through our long profit target.
CEPH remains long from 44.65 with a high of 45.01 x 0.97 = 43.66 and round down to 43.62 as our potential short reversal.
CAI made it to our short profit target so now can be watching for a long.
BRKS current swing high is 22.50 x 0.97 = 21.82 so round down to 21.75 for a potential short.
SINA long from 29.60 through the profit target of 30.37 so currently flat and watching for a potential short set-up.
SNDK through the profit target on the long so now waiting on a short set-up to develop.
OTEX through the long profit target. For a short we have a high so far of 34.20 x 0.97 = 33.17 so 33.12 becomes the potential second trade short for now.
NTES - the long through the profit target so flat now and looking for a potential second trade short off the swing highs.
IACI low of 35.19 x 1.03 = 36.25 which would be our long reversal. Currently still short.
CVTX long from 23.80 with the profit target 24.50 - the current swing high is 24.42 x 0.97 = 23.68 and round down to 23.62 (nearest 1/8th lower for shorts) for the short reversal.
OTEX long on the pullback into 32.60
IACI short with a target of 34.63
CVTX currently long
CAI currently short - current swing low 42.40 x 1.03 = 43.68 becomes the long reversal.
BRKS long on the pullback to 20.85 so target is 20.85 x 1.03 = 21.47 and round down to the nearest 1/8th for long targets or 21.37 which has been reached. So, would be watching for second trade to set-up this time short.